Which of the following statements is correct about soiled/mutilated note?

Which of the following statements is correct about soiled/mutilated note? Correct Answer All of the above

Bissoy MCQ

Related Questions

X sues A and B on a promissory note executed by A, B is A's nephew, and he is joined as a defendant on the ground that A and B are member of a joint Hindu family, and that the note was for a debt binding on the family. None of the defendant appears at the hearing and an ex parte decree is passed against both the defendants.
The decree against A proceeds on the ground that the note was passed by him and against B on the ground that the debt was incurred for a family purpose. B applies for an order to set aside the decree, alleging that the summons was not served upon him and that the debt in respect of which the note was passed by A was not incurred for a family purpose. It is not disputed that the amount was actually advanced to A.
Give the correct sequence of steps involved in the process of receiving the supplies in a food service establishment.
1. Quality of ingredients are checked with specifications given to supplier.
2. Counts, weights or volume are checked to tally with amounts of various items on the delivery note.
3. Unacceptable items are returned with the person executing the delivery along with a note on delivery challan stating the items returned.
4. Delivery note is checked with copy of the order placed.
5. Delivery challan is countersigned by the receiving authority and the deliverer of supplies.
Which of the following is/are true about the Negotiable Instruments Act, the Promissory Note?
1. Definition of Promissory Note is given in section 8 of the Negotiable Instrument Act
2. Containing an unconditional undertaking
3. To pay a certain sum of money only to a specific person or the bearer
4. The seller is bound to accept the promissory note
5. A document was written and signed by the payer/maker
Principle: Whoever tenders to any other person counterfeit coins or currency which he knows to be counterfeit, commits an offence.
Factual Situation: A was an employee in a private company. One day while depositing some money at the bank, handed over to him by the company's cashier, the bank's cashier identified a 100 rupee note as counterfeit and returned it to A. Then A went to a hotel, ordered lunch and handed over the counterfeit 100 rupee note at the hotel so as to get rid of it. The hotel manager identified the note as counterfeit and informed the police.
According to Section 4 of Negotiable Instrument Act, this is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. Which instrument is being talked here?
A lady buys grocery worth Rs. 350 from a shop. The shopkeeper is selling the goods with zero profit.
The lady gives him Rs. 2000 note. The shopkeeper gets the change from the next shop, keeps 350 for himself and returns Rs.1650 to the lady.
Later, the shopkeeper of the next shop comes with Rs. 2000 note saying that it is a duplicate note and takes his money back.
How much loss did the shopkeeper face?
A finds Rs. 1000 note on the road. He has no idea as to whom the Rs, 1000 note belongs. He picks up the note. A has committed
X finds one thousand rupee's note on the public road. He does not know to whom the note belongs. X pick up the note. Here X has:
A' poor student finds a latter on the road containing a bank-note from the content and direction of later he learns whom the note belongs 'A' uses that note for buying some books 'A' has committed
Indian Penal Code: A finds Rs. 2000 note on public place. He has no idea as to whom the Rs. 2000 note belongs. He picks up the note. A has committed-